Press

Xinhuanet: Revenue of SPIC Exceeded RMB 200 Billion for the First Time

Source：Writer：Date：06/03/2018

On February 1, the reporter of Xinhuanet learned from SPIC that the assets of the company exceeded RMB 1 trillion in 2017, and its revenue broke the RMB 200 billion threshold for the first time, reaching RMB 202.9 billion.

By the end of 2017, the total installed capacity of SPIC has reached 126 GW, of which clean energy accounted for over 45%. With the PV power capacity exceeding 10 GW, SPIC remains the largest PV power generator in the world. It generated 422.6 TWh of electricity last year where net coal consumption of its thermal units fell 1.5 g/kWh year on year.

In terms of scientific and technological innovation, SPIC has completed the introduction and absorption of the AP1000 Gen III nuclear power technology. The self-reliant projects have passed the most stringent pre–fuel load tests, meaning the construction of the world’s first AP1000 reactors is about to finish. SPIC, moreover, has completed the technology development of the CAP1400 PWR national key science and technology project, the demonstration project of which is ready for FCD.

In 2017, SPIC established the China United Heavy-duty Gas Turbine Technology Co., who has initially completed the concept design of the 300 MW F Class gas turbine, among other tasks of the –heavy-duty gas turbine national key science and technology project.

In addition, SPIC has shut down 510 MW coal-fired power units, resolved 1.5 million t/y excess capacity of coal, and disposed of 21 zombie enterprises and companies in dire straits.

As for going global, in 2017, SPIC successfully acquired Pacific Hydro and won the bid for the 30-year concession right of the S?o Sim?o HPP in Brazil. At present, with overseas business having expanded to 41 countries, the total overseas assets of SPIC have reached RMB 70 billion.